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James Fisher and Sons performance in Q1 meets its expectations
StockMarketWire.com
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Marine services provider James Fisher and Sons said first-quarter performance was in line with management expectations as revenue declined amid the ongoing pandemic impact.
Revenue fell to £109.3 million from £129.4 million year-on-year.
Offshore oil and specialist technical performed well and, in aggregate, offset reduced volumes in tankships, the company said.
In marine Support, ship-to-ship transfers were in line with expectations. Whilst activity levels remained subdued due to Covid-19 restrictions, tendering volumes for renewables and oil & gas projects had been strong, it added.
At 9:55am: (LON:FSJ) Fisher James Sons PLC share price was 0p at 985p
Story provided by StockMarketWire.com
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